NOVN.SW vs. ASWC.DE
NOVN.SW (Novartis AG) is a stock, while ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) is Aerospace & Defense fund tracking the EQM Future of Defence Index. Over the past year, NOVN.SW returned 28.27% vs 16.07% for ASWC.DE. At a 0.13 correlation, their price movements are largely independent.
Performance
NOVN.SW vs. ASWC.DE - Performance Comparison
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Different Trading Currencies
NOVN.SW is traded in CHF, while ASWC.DE is traded in EUR. To make them comparable, the ASWC.DE values have been converted to CHF using the latest available exchange rates.
Returns By Period
In the year-to-date period, NOVN.SW achieves a 14.78% return, which is significantly higher than ASWC.DE's 11.45% return.
NOVN.SW
- 1D
- 0.44%
- 1M
- 4.52%
- YTD
- 14.78%
- 6M
- 19.24%
- 1Y
- 28.27%
- 3Y*
- 21.71%
- 5Y*
- 16.36%
- 10Y*
- 12.72%
ASWC.DE
- 1D
- -1.00%
- 1M
- 7.85%
- YTD
- 11.45%
- 6M
- 11.79%
- 1Y
- 16.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOVN.SW vs. ASWC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NOVN.SW Novartis AG | 14.78% | 27.98% | 8.44% | 15.03% |
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 11.45% | 36.77% | 41.09% | 8.86% |
Correlation
The correlation between NOVN.SW and ASWC.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2023 | 0.13 |
The correlation between NOVN.SW and ASWC.DE shifts across timeframes, from -0.03 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NOVN.SW vs. ASWC.DE — Risk / Return Rank
NOVN.SW
ASWC.DE
NOVN.SW vs. ASWC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novartis AG (NOVN.SW) and HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NOVN.SW | ASWC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.14 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.20 | +1.46 |
| Martin ratioReturn relative to average drawdown | 6.32 | 2.44 | +3.88 |
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Drawdowns
NOVN.SW vs. ASWC.DE - Drawdown Comparison
The maximum NOVN.SW drawdown since its inception was -42.59%, which is greater than ASWC.DE's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for NOVN.SW and ASWC.DE.
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Drawdown Indicators
| NOVN.SW | ASWC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.59% | -14.36% | -28.23% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -12.41% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.26% | — | — |
Current DrawdownCurrent decline from peak | -3.61% | -2.64% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -11.45% | -3.01% | -8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 6.12% | -1.59% |
Volatility
NOVN.SW vs. ASWC.DE - Volatility Comparison
Novartis AG (NOVN.SW) and HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) have volatilities of 5.72% and 5.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOVN.SW | ASWC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 5.69% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 15.74% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.68% | 20.48% | -1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 19.46% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.77% | 19.46% | -0.69% |
Dividends
NOVN.SW vs. ASWC.DE - Dividend Comparison
NOVN.SW's dividend yield for the trailing twelve months is around 3.03%, while ASWC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOVN.SW Novartis AG | 3.03% | 3.19% | 3.72% | 3.77% | 3.71% | 3.74% | 3.53% | 3.10% | 3.77% | 3.78% | 4.12% | 3.39% |
Frequently Asked Questions
NOVN.SW and ASWC.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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